7/105 sources · 4 publishersUpdated Oct 9, 01:05 UTC
Samsung Electronics buyback program ends, sparking market sell‑off and earnings scrutiny
Samsung Electronics completed its 15 trillion‑won share repurchase program on Oct. 6, removing a daily buyer of roughly 500 billion won (about $360 million). The next day the KOSPI slipped about 2 % to 6,803.9 points and Samsung shares fell around 1‑2 %. Investors also focused on the company’s third‑quarter results, which missed consensus forecasts for revenue and operating profit.
Why it matters
Goldman Sachs says the end of the buyback creates a liquidity vacuum that could push the KOSPI below the 7,000‑point support and raise volatility. The earnings miss adds further pressure on South Korean equities.
Key facts
- 1Samsung completed a 15 trillion‑won share repurchase program on Oct. 6. en.bloomingbit.io
- 2The buyback had been net buying more than 500 billion won (about $360 million) of Samsung stock each day. en.bloomingbit.io
- 3Samsung closed at 268,500 won on Oct. 7, down 1.29 % from the previous session. en.bloomingbit.io
- 4The KOSPI fell 2 % to 6,803.9 points after the buyback programs ended. finance.biggo.com
- 5Samsung’s third‑quarter revenue was 195 trillion won, below the consensus estimate of 201.9 trillion won. finance.biggo.com
- 6Samsung’s third‑quarter operating profit was 107.4 trillion won, below the consensus estimate of 108.67 trillion won. finance.biggo.com
Summary written by AlphAI from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.